Friends Of Kang Yun Foundation
- Assets
- $180.1k
- Revenue
- $170.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hamden, CT
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 51-0579003
Organization Overview
Friends Of Kang Yun Foundation is located in Hamden, CT. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Kang Yun Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Friends Of Kang Yun Foundation generated $170.4k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $177.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Hsu Exec. Director And Secreta | 25 | $60,000 | |
Thomas Hsu President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $170,000 |
| Interest on Savings | $402 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $170,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,615 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $381 |
| Total operating and administrative expenses | $67,273 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $177,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,559 |
| Savings and temporary cash investments | $172,565 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $180,124 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Friends Of Kang Yun Foundation has awarded $110,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New Haven, CT PURPOSE: FUNDING SUMMER LITERACY PROGRAM SERVING OVER 800 CHILDREN AGES 7-12 FROM HIGH POVERTY AREAS IN NEW HAVEN CT. | $55,000 |
New Orleans, LA PURPOSE: SUPPORT EDUCATIONAL ENRICHMENT PROGRAMS IN THE CENTRAL CITY NEIGHBORHOOD OF NEW ORLEANS. | $40,000 |
WESLEYAN CENTER FOR PRISON EDUCATIONWESLEYAN UNIVERSITY PURPOSE: SUPPORT FOR COURSE ENROLLMENT BY CHESHIRE AND YORK CORRECTIONAL INSTITUTIONAL INCARCERATED TO ATTAIN BACHELORS OR ASSOCIATE DEGREES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |